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  • Montpelier Re generated operating profits of $72.2mn for the first quarter 2014 that were 9 percent up on the prior-year period as the cat specialist achieved a 12 point improvement in its combined ratio to 50.4 percent.
  • Shareholders withheld between 20 and 30 percent of eligible votes on all director nominees in Aspen Insurance Holdings' board elections last week.
  • The European Insurance and Occupational Pensions Authority (Eiopa) has today (30 April) announced the launch of an EU-wide stress test for the insurance sector, ahead of Solvency II's implementation on 1 January 2016.
  • The casualty division of QBE's troubled European arm has suffered a fresh string of high-profile resignations, The Insurance Insider has learned.
  • Demand for cyber liability insurance is growing at an "astounding" pace, reflecting increased awareness of the potentially devastating consequences of falling victim to online criminals, according to an AM Best report from the US Risk Management Society's 2014 conference in Denver.
  • Reserve releases by US insurers look set to continue into 2014 despite industry fears that the well is drying up, global reinsurance broker Guy Carpenter said a report published today (30 April).
  • Saga, the UK insurer for the over-50s, today (30 April) said it planned to raise £550mn ($918mn) through a stock market flotation in London, earmarking the proceeds for debt repayment.
  • The New Zealand Commerce Commission (NZCC) has extended the deadline to submit its decision on Insurance Australia Group (IAG)'s acquisition of Wesfarmers' Lumley Insurance business in the country.
  • Hong Kong-headquartered reinsurer Peak Re today (30 April) announced a cooperation agreement with Sydney-based reinsurance consultancy MacquarRe aimed at developing its business in two of its priority markets, Australia and New Zealand.
  • UK broker Towergate today (30 April) said it made a £41mn ($68.5mn) loss last year as a result of subdued premium growth and a rise in costs due to acquisitions and investments in its business processes.